Posted by Chief Engineer John Leverett on his FB page

"So a very sad day yesterday. The entire Design/Engineering/Production staff of Panoz LLC was let go! A sad end for the Brand especially after the latest product, the Avezzano, was the most successful Panoz racer ever. Despite the beautiful design and all the hard work, it was not enough to overcome the behind the scenes drama that goes with a family business. It's been a heck of a ride for the last 25 years. If anyone wants to start a car company, build restomods or open a restoration shop I know an excellent team that's available! These guys are some of the best in the business."

Though this article seems contradictory:
https://sportscar365.com/industry/pa...go-restructure